Daily Research 03 April 2017

S2 S1 IDX R1 R2
5,534 5,563.7   5,568.1 5,620 5,650
  • Dow Jones closed 0.3% lower last Friday.
  • Regional bourses traded mixed after Donald Trump’s comment on North Korea, ahead of China’s President scheduled visit to US this week.
  • IDX traded lower after failed to break its strong diagonal resistance.
  • We expect IDX to trade mixed with negative tendency today.
BBCA

Sell on Strength

S2 S1 Level R1 R2
15,950 16,325 16,650 16,825 17,200

BBCA ended the trading negatively with a bearish engulfing formation with a high enough volume suggesting a further downturn.

EXCL

Buy on Weakness

S2 S1 Level R1 R2
2,850 3,000 3,060 3,255 3,370

EXCL closed the session lower with a long black candle formation near its short term diagonal support uptrend channel and a low volume indicating a limited downside potential.

PTBA

Sell on Strength

S2 S1 Level R1 R2
11,800 12,675 13,200 13,600 14,475

PTBA was still in positive side but with a close near its horizontal resistance that could limit the upside movement.

WSBP

Speculative Buy

S2 S1 Level R1 R2
485    525 495 500 500 515

WSBP ended the sessio n negatively in diagonal support area downtrend channel in a low volume and RSI in oversold area that could slow down the downswing.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

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